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Harry Stebbings on Starting 20VC, Being Underestimated, Investing, and Wealth vs. Happiness

Invested by Aleph

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The Importance of Reserves in Venture Capital

Reserves, I think, are actually financially irresponsible in a lot of cases. Most often reserve allocation is aligned to trajectory and to speed of growth within companies. And so for me, I personally feel that it's too difficult to know which of your companies within the first 18 months you should really concentrate capital into. If you look to my portfolio, that would definitely be the keckeys.

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